Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2024

• 7 November 2024 1:00 am

  US dollar hits multi-month highs following Trump’s win

  

  The election of Trump increases the likelihood of policy-induced inflation, which forces the Fed to maintain its restrictive stance for a longer period of time. A 25 basis point cut is anticipated when the FOMC meets on Thursday.The US economy is still expanding at or above the trend. Following former …

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• 7 November 2024 12:29 am

  Are Trump tariffs posing a bigger threat to China’s economy in his second term?

  

  Donald Trump’s threat to impose 60% tariffs on US imports of Chinese goods poses significant growth risks for the world’s second-largest economy. The property market crisis, weak domestic demand, and deflationary pressures have contributed to China’s economic downturn. In 2018, the property market was strong, driving about a quarter of …

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• 6 November 2024 11:39 pm

  XAU/USD Has Suffered Since Trump’s Victory Announced

  

  Gold price is under considerable downward pressure due to the strong rise in the US dollar since the announcement of Donald Trump, the former US President and Republican candidate, winning the 2024 US presidential election. Financial markets continue to celebrate the victory of former US President and Republican candidate Donald …

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• 6 November 2024 11:10 pm

  As Trump defeats Harris, Dow jumps to record, Russell 2000 soars 5%.

  

  Stocks have surged sharply on Wednesday, with major benchmarks hitting record highs as Donald Trump wins the 2024 presidential election. The Dow Jones Industrial Average surged 1,434 points to a record high, or around 3.4%. The last time the blue-chip Dow jumped more than 1,000 points in a single day …

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• 6 November 2024 9:51 pm

  Why Donald Trump Matters for US Economy, Fed’s Policies

  

  In addition to raising concerns about how much pressure might be put on the Federal Reserve during his second term in office, some economists and experts say Donald Trump’s victory in Tuesday’s presidential contest could potentially upend the US economy and change the Fed’s policy calculus in the coming months.During …

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• 6 November 2024 9:00 pm

  Novo Nordisk’s Mixed Earnings: Wegovy Shines, Outlook Dimmed

  

  Novo Nordisk, a major pharmaceutical company, reported mixed results for the third quarter of 2024. While its blockbuster weight-loss drug, Wegovy, exceeded expectations with an 81% year-over-year sales increase, the company’s overall performance was tempered by challenges.Despite a 24% increase in overall sales for the first nine months of the …

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• 6 November 2024 8:05 pm

  Following Trump’s presidential victory, crude oil reverses some of its recent losses

  

  Crude oil stoops and bounces back following a 3% decline earlier due to Trump’s victory in the US presidential election. As Trump is declared winner and gets an inconsecutive second term as US president, the effects of Tropical Storm Rafael on the Gulf become less significant. On Wednesday, the US …

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• 6 November 2024 3:05 pm

  China Responds to Trump’s Potential Presidential Return, Prepares for Intensified U.S. Rivalry

  

  China has stated its commitment to working with the U.S. on principles of mutual respect and peaceful coexistence as Donald Trump appears close to a presidential victory. However, Chinese strategists are preparing for a resurgence in superpower tensions over trade, technology, and security should Trump return to the Oval Office. …

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• 6 November 2024 1:19 pm

  Germany’s Services Sector Sees Modest Growth in October, But Demand Weakness Persists

  

  Germany’s services sector experienced a slight improvement in October, with the HCOB Germany Services PMI rising to 51.6 from 50.6 in September, marking its first growth acceleration in five months. Although this three-month high signals expansion, underlying demand remains fragile, as shown by a drop in new business for the …

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• 6 November 2024 12:34 pm

  U.S. Stock Futures Surge as Trump Leads 2024 Presidential Race

  

  U.S. stock futures saw gains on Wednesday as early voting results indicated Donald Trump leading in the presidential race against Kamala Harris, with the Republicans on track to sweep both the Senate and House of Representatives. This alignment could potentially ease Trump’s path to major policy implementations if his lead …

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• 6 November 2024 11:59 am

  Donald Trump Claims Victory in 2024 Presidential Election Amid GOP Gains

  

  Former President Donald Trump declared victory in the 2024 presidential election after Fox News projected his win over Democrat Kamala Harris, marking a remarkable political comeback. Trump’s projected triumph included key battleground states—Pennsylvania, North Carolina, and Georgia—with reported leads in other decisive states, according to Edison Research. Other news outlets …

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• 6 November 2024 11:40 am

  Bitcoin Reaches Record High Amid U.S. Election Developments

  

  Bitcoin surged to an unprecedented high on Wednesday, fueled by early vote counts showing Donald Trump ahead in the 2024 U.S. presidential race. The largest cryptocurrency by market cap rose nearly 10%, reaching $75,071.8, as the prospect of a Trump presidency encouraged hopes for favorable crypto regulations. This rally reflects …

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• 6 November 2024 11:08 am

  Gold and Industrial Metal Markets React to U.S. Election and Economic Concerns

  

  Gold prices edged lower in Asian trading on Wednesday, influenced by a surge in the U.S. dollar and Treasury yields amid early 2024 U.S. election results favoring Donald Trump. However, with the election results still too close to call, gold held near its recent highs. Precious Metals Spot Gold: Dropped …

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